Winter has arrived, and the sesame demand is increasing, but the arrivals are petite, so there has been a massive boom in white sesame.
Quality varies from region to region
Kharif Sesame crop in the country is estimated to be 0.175 million tonnes on the higher end and 0.16 million tonnes on the lower end. Further, in Uttar Pradesh and Madhya Pradesh, quality deterioration has been reported on a large scale, while in Rajasthan, the quality deterioration is low. There is no report of quality deterioration in Gujarat. On the contrary, the quality of sesame seeds in Kutch is excellent.Myanmar’s crop of black sesame is excellent, and there is no demand for black sesame due to the lockdown situation in China. The black sesame charts show positive candlestick patterns due to increased domestic demand. However, there is no demand for the export of Indian black sesame.
Future Scenario
South Korea’s 6000 to 7000 tons tender is likely to be announced in the next week to 10 days. But there is a low possibility of India getting the order due to fewer stocks. Although the price of Indian sesame in the world market is $ 150 per ton compared to other countries. There is a situation where sesame can be imported from only two countries, Brazil and Sudan.
As China is experiencing lockdown due to Corona, it is out of the race in Korean Tender. However, there are reports that corona restrictions might be eased in the coming days. Thus, if China enters the sesame market in January, the price of sesame will show a downfall from January, but if China does not enter the sesame, then there will be an upward trend in the sesame charts.
The Sesame seeds natural 99.95% sortex prices were Recorded at $1,80 per kg FOB.
Import/Export Statistics
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